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Shutdown Angst Clouds Markets Again With Covid Cases on the Rise

Jul 20 2021, 8:43 AM
July 19 2021, 9:54 PM
July 20 2021, 8:43 AM
(Bloomberg) Los Angeles has reinstated indoor mask requirements. Sydney has tightened lockdown measures. Athletes in Japan for the Olympics are testing positive for Covid-19.
(Bloomberg) Los Angeles has reinstated indoor mask requirements. Sydney has tightened lockdown measures. Athletes in Japan for the Olympics are testing positive for Covid-19.
On Monday, many got a jarring reminder that the coronavirus pandemic hasnât gone away, with anxious investors worried the resurgences could erode economic growth and reverse a rally in equities that had reached record highs as recently as last week.
âThe rise in the variant, the âOh my gosh, are we going to get shut down? And then even if we donât get shut down, is growth going to slow?ââ are thoughts driving the selloff, said Kim Forrest, founder and chief investment officer at Bokeh Capital Partners. ....

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Bitcoin is facing a make-or-break moment

Bitcoin is facing a make-or-break moment
mybroadband.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mybroadband.co.za Daily Mail and Mail on Sunday newspapers.

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Bitcoin is facing a make-or-break moment: technical analysis

Bitcoin is facing a make-or-break moment: technical analysis
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Bitcoin is facing a make-or-break moment, technicals show

Bitcoin is facing a make-or-break moment, technicals show
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U.S. equities mixed with earnings, Fed in focus - Article

U.S. stocks fell, while Treasuries rose after the Federal Reserve maintained its support for the economy.
Policy makers strengthened their view of the economy and said that recent increases in inflation looked âtransitory,â reassuring investors that the central bank is in no hurry to tap the brakes on growth. The dollar was lower, the 10-year Treasury rate was at 1.61 per cent and gold was little changed.
âNo news is good news as far as the market is concerned because it means the Fed will remain accomodative for the near future,â said Ellen Hazen, portfolio manager and principal at F.L.Putnam Wealth Management. âThis is a Goldilocks Fed. It is exactly what the equity markets are looking for.â ....

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